Twin Disc, Incorporated (NASDAQ:TWIN) Declares Quarterly Dividend of $0.04

Twin Disc, Incorporated (NASDAQ:TWIN) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.04 per share by the industrial products company on Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, November 18th.

Twin Disc Stock Performance

Shares of NASDAQ TWIN opened at $11.60 on Friday. The stock’s 50-day moving average is $12.11 and its 200 day moving average is $12.91. The stock has a market cap of $163.56 million, a price-to-earnings ratio of 17.31 and a beta of 0.61. Twin Disc has a 1-year low of $10.90 and a 1-year high of $18.00. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Twin Disc (NASDAQ:TWIN) last posted its quarterly earnings results on Thursday, August 15th. The industrial products company reported $0.32 EPS for the quarter. Twin Disc had a net margin of 3.09% and a return on equity of 4.26%. The firm had revenue of $84.42 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Twin Disc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.